Controller

First State Bank Job Description

Job Title: Controller Status: Exempt

Department: Finance and Accounting

Reports To: CFO

Primary Purpose of the JOB:

The Controller is responsible for the accounting function of the bank, assists in the production of financial reports and maintains an adequate system of accounting records and a set of controls and budgets. Ensures that reported results and procedures comply with generally accepted accounting principles, as well as state and federal banking regulations. Prepares and/or supervises preparation of financial statements, call reports, tax provisions, schedules and management reports.

Essential DUTIES:

• Manage daily functions of the Accounting department
• Oversee the accounting operations of the bank, such as its control systems, transaction-processing operations, and policies and procedures
• Ensure compliance with regulatory requirements specifically as it relates to financial reporting
• Develop and maintain professional knowledge of and ability to understand and implement banking regulations and GAAP in the banking industry
• Direct the development and monthly review of financials to assure accurate and timely financial reporting
• Prepare the annual report
• Assist in the oversight of outsourced functions
• Ensure that general ledger reconciliations are completed, and outstanding items are cleared in a timely fashion
• Responsible for all accrual entries
• Maintain the chart of accounts
• Assist in the creation of the annual budget and forecasts
• Conduct variance analysis for management and the Board of Directors
• Responsible for maintaining fixed asset and accounts payable records
• Oversee the preparation of the call report and annual financial statements and ensure compliance with GAAP
• Oversee the Allowance for Credit Losses (ACL) and compliance with accounting standards
• Assist with monthly ALM reporting
• Assist in the coordination of information to regulators, external auditors and internal auditors for their periodic reviews
• Manage and train direct reports to maximize productivity, efficiency, and the potential of employees of the company
• Appraise performance and provide recommendations for staff compensation, promotion, and termination, as appropriate.
• Review and provide recommendations for all accounting/financial related policies
• Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance

Other DUTIES:

• Other duties as assigned

Required Experience/SKILLS:

• Experience within the Banking Industry, both in Accounting/Finance and Operations
• Experience with regulatory reporting required for banks
• Managing others and managing workflow to meet specific deadlines
• Five to ten years of progressively more responsible experience
• Excellent problem solving skills and the ability to manage/supervise others effectively
• Experience working with Fiserv software a plus

Required EDUCATION:

• Bachelors Degree in Accounting/Finance
• Certified Public Accountant or MBA not required, but preferred

Working CONDITIONS:

• Office environment with little exposure to physical hazards or conditions
• Ability to enter data into a computer and work with computer programs: Microsoft Word and Excel
• Ability to sit for long periods of time

WHAT CAN WE OFFER YOU:

• Working with an energetic team focused on making our customers financially successful!
• An opportunity to grow your career and do amazing things!
• Collaborative and energetic work environment
• Incentive program based on performance
• Paid Time Off (PTO) and Paid Holidays for Full Time/Part Time Employees
• Paid time to support your community!
• Health, Dental, Vision (Full Time)
• 401K match and Life Insurance (Full Time/Part Time Employees)
• Educational Assistance Program (Full Time/Part Time Employees)
• Employee Assistance Program

Employees are expected to comply with all laws, regulations, bank policies and procedures, including specifically First State Banks Bank Secrecy Act and Anti-Money Laundering Policy and procedures, and its Customer Identification Program. Failure to comply with either the letter and/or spirit of these laws may result in disciplinary action, up to and including termination.

This job description does not list all the duties of the job. You may be asked by supervisors or managers to perform other instructions and duties. You will be evaluated in part based on your performance of the tasks listed in this job description.

Management has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.